OREANDA-NEWS. July 06, 2011. The Central Bank of Russia approved the subordinated loan for the amount of USD 800 million earlier attracted by Russian Agricultural Bank as funds eligible for inclusion into its capital within the meaning of CBR’s Regulation No. 215-P “On the Methodology of Calculation of Net Worth (Capital) of Credit Organisations” dated 10 February 2003, reported the press-centre of RusAg.

Increase of the equity capital will allow Russian Agricultural Bank to keep the capital adequacy at traditionally high level amid the rapid growth of its loan portfolio.

To finance the loan Russian Agricultural Bank successfully priced a 10-year subordinated eurobond issue at the end of May 2011 with a call option in 2016. Joint Lead Managers of the deal were Barclays Capital, JP Morgan and VTB Capital.